Excellent organizational skills and multitasking ability
Ability to work independently under pressure
Innovative thinking with receptiveness to ideas being challenged
Willingness to travel
Responsibilities
Manage assigned program, including underwriting referrals and pricing analysis
Evaluate referrals promptly through coverage and pricing analysis
Collaborate with management to set and achieve premium budgets
Work towards profitability for assigned programs
Coordinate with claims department on accounts affecting profitability
Ensure program compliance with underwriting guidelines
Engage in marketing activities such as client meetings and dinners
Benefits
Health, dental and disability insurance
Company match 401k plan
Group term life insurance
Full Job Description
AVP, North American Programs Division
Location: Preferred location is Farmington, CT but we are open to New jersey, New York, Chicago, Philadelphia, Atlanta, Boston, Dallas, and Houston
Job Summary:
Responsible for underwriting a portion of the AW Program P&C business, employing the methods necessary to meet projected profitability, expense goals, premium growth while simultaneously executing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients.
Job Duties and Responsibilities: Core Underwriting Functions
Overall management of Program assigned to including but not limited to underwriting referrals, pricing analysis, underwriting audits, PML and aggregation monitoring, data feed review and relationship management of Program Administrator
Evaluate and respond to referrals in a timely manner by analyzing coverage, exposures and pricing
Work with management in setting and meeting budgeted premiums for assigned Program
Work to achieve profitability on assigned Program
Relationship Management & Compliance
Liaise with Claims Department on any specific claims activity on individual accounts, which could potentially affect profitability
Assure Program Administrator is compliant with all underwriting and administrative guidelines
Marketing & Business Development
Marketing - attend client/broker meetings, lunches, dinners and other social outings as applicable
Assist team in vetting new Program opportunities
Professional Development & Reporting
Attend training sessions and conferences when deemed appropriate
Assist with special projects as needed under supervision of management
Follow treaty and facultative reinsurance protocols as required
Stay current with respect to major industry issues and developments
Provide specific reports as needed by senior staff
Other duties as assigned
Qualifications:
College Degree
Minimum of 8-12 years underwriting experience
Strong Verbal and Written Communication and Interpersonal Skills
Excellent organizational skills, and ability to multi task
Ability to work independently in a fast-paced, high pressure environment
Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
Willingness to travel
The salary range for this role is between:
$130,000 - $160,000
The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below he listed range and determined by a number of considerations, including but now limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards. Salary is flexible and will be based on the candidate's years of relevant experience, skills and qualifications.
Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance.
About Allied World Assurance Company Holdings, AG
Allied World Assurance Company Holdings, AG is a global provider of insurance and reinsurance solutions. The company offers property, casualty, and specialty insurance and reinsurance products to clients worldwide. Allied World operates through a network of offices in Bermuda, the United States, Europe, and Asia. The company was founded in 2001 and is headquartered in Hamilton, Bermuda.
